[Federal Register Volume 64, Number 171 (Friday, September 3, 1999)]
[Notices]
[Pages 48397-48398]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-22963]


-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in Permissible Nonbanking 
Activities or To Acquire Companies That Are Engaged in Permissible 
Nonbanking Activities; Correction

    This notice corrects a notice (FR Doc. 99-19948) published on pages 
42379-42380 of the issue for Wednesday, August 4, 1999.
    Under the Federal Reserve Bank of San Francisco heading, the entry 
for Umpqua Holdings Corporation, Roseburg, Oregon, is revised to read 
as follows:
    A. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager 
of Analytical Support, Consumer Regulation Group) 101 Market Street, 
San Francisco, California 94105-1579:
    1. Umpqua Holdings Corporation, Roseburg, Oregon; to acquire all 
the voting shares of Strand, Atkinson, Williams and York, Inc., 
Portland, Oregon, and thereby engage, to a limited extent, in 
underwriting and dealing in commercial paper, municipal revenue bonds, 
mortgage-related securities, and consumer-receivable related 
securities, see Citicorp, et al., 73 Fed. Res. Bull. 473 (1987); 
managing, servicing, and collecting assets, pursuant to 
Sec. 225.28(b)(2)(vi) of Regulation Y; performing functions or 
activities that may be performed by a trust company, pursuant to 
Sec. 225.28(b)(5) of Regulation Y; acting as investment or financial 
advisor, pursuant to Sec. 225.28(b)(6) of Regulation Y; providing 
securities brokerage, ``riskless principal,'' and private placement 
services, pursuant to Sec. 225.28(b)(7)(i)-(iii); underwriting and 
dealing in obligations of the United States, general obligations of 
states and their political subdivisions, and other obligations that 
state member banks of the Federal Reserve System may underwrite and 
deal in under 12 U.S.C. 24 and 335, pursuant to Sec. 225.28(b)(8)(i) of 
Regulation Y; and providing employee benefits consulting services,

[[Page 48398]]

pursuant to Sec. 225.28(b)(9)(ii) of Regulation Y.
    Comments on this application must be received by September 17, 
1999.

    Board of Governors of the Federal Reserve System, August 30, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-22963 Filed 9-2-99; 8:45 am]
BILLING CODE 6210-01-F